Real estate posts best April in 13 years, prices will continue to rise this year but at a slower pace
Property6 days ago
A new 397,000sq.m sustainable city will come up on Yas Island in Abu Dhabi.
Construction of the Dh1.8 billion Sustainable City – Yas Island is scheduled to start in the last quarter of this year and aims to be completed in 30 months.
Abu Dhabi-based Aldar Properties and Dubai's Diamond Developers inked an agreement to form a joint venture to develop a fully sustainable and unique community.
The Sustainable City – Yas Island, in Yas North, will comprise 864 townhouses and apartments and 3,000sq.m. of retail space.
It will be powered by renewable energy, enabling residents to save up to 100 per cent on energy bills.
"The Sustainable City – Yas Island will have all the elements of high-quality, sustainable living and will complement our commitment to carbon reduction, in line with the UAE's Net-Zero by 2050 Strategic Initiative.
"The development will also provide another new and exciting lifestyle choice for our customers right in the heart of the highly sought after Yas Island," Jonathan Emery, Chief Executive Officer at Aldar Development, said at Abu Dhabi Sustainability Week.
Diamond Developers' 'The Sustainable City' branded concept and working model in Dubai was the first fully operational sustainable community in the Middle East.
ALSO READ:
Faris Saeed, chairman, Diamond Developers, said, "The successful replication and rapid growth of sustainable developments around the world depend on partnerships and collaborations between public and private sectors.
"We are pleased to join hands with Abu Dhabi's leading developer Aldar, and believe this agreement offers substantive opportunities for the exchange of knowledge.
"As we work together towards building a more sustainable and prosperous future for the UAE, we pave the way to the evolution of a more sustainable infrastructure and a clear pathway to achieving net-zero."
There will be car-free residential clusters, recycling facilities, and indoor vertical farming. In addition to residential and retail elements, the development will feature an equestrian centre, a mosque, cycling and jogging tracks, and spacious landscaped areas.
Real estate posts best April in 13 years, prices will continue to rise this year but at a slower pace
Property6 days ago
Ultra-prime homes have been in high demand as a large number of high net worth individuals flocked to the Emirate
Property1 week ago
Real estate market in the emirate is expected to continue its upwards trajectory with more foreign investors pouring into the market
Property2 weeks ago
RAK Properties has made a steady start to the year with reported profits of Dh30.48 million during the first quarter of 2022. The company’s total assets stood at Dh6.24 billion in Q1 compared to Dh6.21 billion in the previous quarter.
Property3 weeks ago
Rera share new progress report for Marina 101 with the investors
Property3 weeks ago
The Sharjah Real Estate Registration Department executed 21,615 real estate transactions during the January-March quarter of 2022
Property3 weeks ago
The Abu Dhabi-listed property giant earned Dh688 million ($187 million) net profit during the the quarter January-March quarter
Property3 weeks ago
The emirate recorded 25,972 transactions in first quarter of 2022, marking it the highest number of deals since 2010 registered in a single quarter and the highest volume since first quarter of 2014.
Property3 weeks ago